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the fiscal cliff. we didn't hear a lot of production from it but we do hope to learn more about what was said if there are going to be further negotiations and whether they had a cocktail together. the white house press secretary jay carney is preparing to take that lectern in just moments. the seats will be full of the press corp. we'll bring it live when it gets we'll bring it live when it gets under way. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed b
the fiscal cliff. we didn't hear a lot of production from it but we do hope to learn more about what was said if there are going to be further negotiations and whether they had a cocktail together. the white house press secretary jay carney is preparing to take that lectern in just moments. the seats will be full of the press corp. we'll bring it live when it gets we'll bring it live when it gets under way. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be...
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out of hand president obama's attempt to try and do a fiscal cliff deal? >> with $1.6 trillion in new taxes, i think probably half a second. >> when you see the apparent attempt at a bipartisan lunch going on today between obama and romney, it was all very sweet and everything, the reality is the picture was about as uncomfortable as the relationship is between the two sides, and again, frank, how do we get to a better place in washington? how do we get these guys to realize, let me throw this at you. i interviewed mike tyson an hour ago. fantastic interview in many ways. what i found really fascinating and relevant to this, he talks about when he goes back to the streets he grew up in in new york, what real people care about. they care about their homes, they care about their jobs, they care about feeding their children. he got quite passionate about it. i just don't get that these politicians squabbling in d.c. care about those things enough or they would stop this politicking over things like a fiscal cliff. what do you think, frank? >> they care in lar
out of hand president obama's attempt to try and do a fiscal cliff deal? >> with $1.6 trillion in new taxes, i think probably half a second. >> when you see the apparent attempt at a bipartisan lunch going on today between obama and romney, it was all very sweet and everything, the reality is the picture was about as uncomfortable as the relationship is between the two sides, and again, frank, how do we get to a better place in washington? how do we get these guys to realize, let me...
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hill. >> going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> speaker boehner made very clear at his press conference that he thinks the ball is in your court and the president's court. he says democrats have got to get series about spending cuts. where is the disconnect? >> i don't understand his brain so you should ask him. okay? >> reid making those comments to our own kate bolduan. i'm joined by dan lothian. dan, we're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will come later. much of that not really specified. we're looking at entitlements such as medicare. and then the plan also includes $50 billion
hill. >> going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> speaker boehner made very clear at his press conference that he thinks the ball is in your court and the president's court. he says democrats have got to get series about spending cuts. where is the disconnect? >> i don't understand his brain so you should ask him. okay? >> reid making those comments to our...
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about the fiscal cliff negotiations. i think he said you guys got to get serious. pretty serious about his criticism of the white house. bonuses for executives shutting down hostess. that's right. a u.s. bankruptcy judge approved $1.75 million in incentive bonuses yesterday for 19 hostess bosses, as they unwind the company. the maker of beloved american staples like twinkies, wonder bread, ding dongs, ho-hoes, closed its doors earlier this month after its bakers union went on strike over reduced pay and benefits, and you'll recall the company went to a judge and said we're going to shut down. so they are. executives will get bonuses as they finish the job of closing down the company. >> a long time in the making, right? >> it could be they survived the great depression but couldn't survive the great recession and a couple attempts at bankruptcy, and that's it. so we'll see. maybe the brands will exist if another company hires them. >> ahead on "starting point" not a good sign when your big negotiator for the fiscal cliff
about the fiscal cliff negotiations. i think he said you guys got to get serious. pretty serious about his criticism of the white house. bonuses for executives shutting down hostess. that's right. a u.s. bankruptcy judge approved $1.75 million in incentive bonuses yesterday for 19 hostess bosses, as they unwind the company. the maker of beloved american staples like twinkies, wonder bread, ding dongs, ho-hoes, closed its doors earlier this month after its bakers union went on strike over...
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to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle. or at least the glimmer of one today. barack obama bringing glad tidings of great joy to avoid the fiscal cliff. >> i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from either one of them. but investors didn't care, th
to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an...
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fiscal cliff right now. for his part, the president travelled to pennsylvania today arguing congress should pass the middle class tax cuts right now set to expire on january 1st. but republicans say that's a no go. any deal needs to have tax cuts for everyone. i talked about a stand off earlier on a democratic senator that's been waying in behind the scenes. joining me now is senator max baucus, senator, a very busy week, not a lot of progress to show for it. as you well know now, republicans have soundly rejected the offer coming from the white house. even calling it absurd. this offer, do you view it as a serious offer? >> i do. i think we're in the initial stages. there are about 30 days left before the so-called cliff hits us. i think in about a week, we'll get down to serious negotiations. >> why a week? why not now? many would say we're way beyond opening bids. >> i agree, i think we should start talking now, the president and the speaker should do so, but for whatever reasons, it's a little slower. i
fiscal cliff right now. for his part, the president travelled to pennsylvania today arguing congress should pass the middle class tax cuts right now set to expire on january 1st. but republicans say that's a no go. any deal needs to have tax cuts for everyone. i talked about a stand off earlier on a democratic senator that's been waying in behind the scenes. joining me now is senator max baucus, senator, a very busy week, not a lot of progress to show for it. as you well know now, republicans...
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this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather agree with you. probably shouldn't. but i do. i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you saw some of that in the presidential election. i don't think that's their intent. i think their tax reform intent is quite sound. but the way this is playing out, i think that's a big risk for them. >> they're becoming the party of rich, white, older men, is
this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather...
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all higher after comment prs the president and john boehner expressing optimism on fiscal cliff negotiations in washington. the dow rallied a hundred points off those comments. wall street investors really want to see this fixed. goldman sachs ceo lloyd blankfine opening the door to raising taxes on the rich. 'hnd others met with the president, leaders of congress yesterday for the fiscal cliff talks. listen to what he told wolf when asked if taxes should go up on families making more than $250,000 a year. >> if that's what it took to make the math work when you look at the entitlement side and the revenue side, i wouldn't preclude that. of course we would have to do that if the numbers drive that way. >> he also said the way we're going now america can't afford itself. fiscal talks continue with treasury secretary geithner making the rounds on capitol hill. third quarter gdp expected to be revised higher today meaning the economy is growing faster than first thought. economists expect gdp for the last blue bar on your chart there to be revised from 2.to 2.8%. that's good news. this is still
all higher after comment prs the president and john boehner expressing optimism on fiscal cliff negotiations in washington. the dow rallied a hundred points off those comments. wall street investors really want to see this fixed. goldman sachs ceo lloyd blankfine opening the door to raising taxes on the rich. 'hnd others met with the president, leaders of congress yesterday for the fiscal cliff talks. listen to what he told wolf when asked if taxes should go up on families making more than...
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john boehner is reswrekting the president's michelle proposal involving the fiscal cliff. let's lisp in. >> the president in the coming days. during the campaign the president pledged to american people that he would seek a balanced approach to addressing the debt with a combination of new revenues and spending cuts. the day after the election i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reforms. now, the white house took three weeks to respond with any kind of a proposal, and much to my disappointment, it wasn't a serious one. still, i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue, reforming the tax code to close loopholes and lower tax rates. it's far better for the economy when the american people paver on that approach by 2-1. they favor it eep more when we can also show them that real spending cuts will, in fact, reduce the deficit. now, there have been many conversations over the last cou
john boehner is reswrekting the president's michelle proposal involving the fiscal cliff. let's lisp in. >> the president in the coming days. during the campaign the president pledged to american people that he would seek a balanced approach to addressing the debt with a combination of new revenues and spending cuts. the day after the election i said the republican majority would accept new revenue as part of a balanced approach that includes real spending cuts and reforms. now, the white...
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optimism on fiscal cliff negotiations. the dow rallied because of those comments. if there's no deal, though, the bush tax cuts will expire, sending taxes up to about $2,000 for a typical family of four. president obama taking that number to twitter, asking americans to tweet lawmakers using the #my2k. telling lawmakers what that means to them. he would lo he would like them to expire for americans making over $250,000, though. >>> more than half a trillion dollars has been spent on jobless benefits over the past five years. whether to extend additional federal unemployment benefits beyond the end of the year. rising number of families on food stamps, 15,000 families received food stamps up 10% from 2010. >>> cnn's 2012 hero of the year will be an all-star tribute, bringing together the world and people helping others. >> some of those stars have their own tales of inspoiration. including superstar gloria estefan. >> the people we should really celebrate are people out there that are doing other things helping other human
optimism on fiscal cliff negotiations. the dow rallied because of those comments. if there's no deal, though, the bush tax cuts will expire, sending taxes up to about $2,000 for a typical family of four. president obama taking that number to twitter, asking americans to tweet lawmakers using the #my2k. telling lawmakers what that means to them. he would lo he would like them to expire for americans making over $250,000, though. >>> more than half a trillion dollars has been spent on...
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cliff. and signs of a potential fall. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise. but there weren't many signs that was going to happen, nothing was getting done. in a cnn/crc poll, 67% said washington officials would behave like spoiled children in the fiscal cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now, dana bash, jessica yellin, and david gergen. what's the latest? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no
cliff. and signs of a potential fall. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise. but there weren't many signs that was going to happen, nothing was getting done. in a cnn/crc poll, 67% said washington officials would behave like spoiled children in the fiscal cliff discussions. only 28% said...
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about the fiscal cliff negotiations, but there is no progress. they still have a stand off over the rates. the president still wants to raise rates on the top 2% of americans. the speaker is not moving on that position. this comes on the same day that secretary geithner made it clear in language they have not used before, just how far they're willing to go in the administration to stand by those terms. >> is the administration prepared today go over the fiscal cliff? >> absolutely. there is no agreement without those rates going up on the top 2%. and they all get a tax cut on the first $250,000 of their income. >> reporter: so wolf, it's a step forward that they're talking, but in essence, where we stand right now, it's still a stalemate. >> any indication that the vice president, secretary of treasury, others are talking with top people on capitol hill? meeting face to face and going through these items line by line? >> reporter: my understanding is that the white house is not going to start negotiating the details until they hear either more sp
about the fiscal cliff negotiations, but there is no progress. they still have a stand off over the rates. the president still wants to raise rates on the top 2% of americans. the speaker is not moving on that position. this comes on the same day that secretary geithner made it clear in language they have not used before, just how far they're willing to go in the administration to stand by those terms. >> is the administration prepared today go over the fiscal cliff? >> absolutely....
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cliff. jess, what have you learned? >> reporter: well, you know, the news here today is that in a phone call yesterday between the president and speaker boehner, i'm told by ae person familiar with the call, that the president made clear to the speaker that for him there will be no deal on the fiscal cliff unless both sides agree to raise rates on the wealthiest. that means raise tax rates for top earners. the reason that this is news is because there's been discussion publicly that perhaps they could find a rev new agreement where it would just involve capping deductions or maybe they could get to revenue just through tax reform, and with this piece of detail from that phone call yesterday, it would seem that the democrats, the president personally, is drawing a line saying those other ways are not enough. his campaign message that the top earners have to pay more, he is sticking to that line many these negotiations. >> jess, do we know how the republicans responded to this red line? >> wel
cliff. jess, what have you learned? >> reporter: well, you know, the news here today is that in a phone call yesterday between the president and speaker boehner, i'm told by ae person familiar with the call, that the president made clear to the speaker that for him there will be no deal on the fiscal cliff unless both sides agree to raise rates on the wealthiest. that means raise tax rates for top earners. the reason that this is news is because there's been discussion publicly that...
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., republicans and democrats are wrangling over how to avoid falling over this fiscal cliff. this week the president sent over his plan to republicans. there was $1.5 trillion in tax increases and an additional 50 billion in stimulus spending. republicans were not happen wet offer. john boehner called the plan bait and switch and minority leader much mcconnell made him burst into laughter. >> across the globe today is world aids day, the white house marking the event by displaying a red ribbon on the north portico, a life picture of the white house, an international show of support and awareness, in a proclamation president obama says in part that the united states is committed to preventing the disease is quote, spending and ending this pandemic once and for all. >> do same-sex couples have a constitutional right to mayor? we don't know yet. the u.s. supreme court held a closed-door meeting to decide whether to hear a series of appeals. but they didn't say if they will take action on the divisive issue. some took this as a sign that nine justices need more time. we expect an
., republicans and democrats are wrangling over how to avoid falling over this fiscal cliff. this week the president sent over his plan to republicans. there was $1.5 trillion in tax increases and an additional 50 billion in stimulus spending. republicans were not happen wet offer. john boehner called the plan bait and switch and minority leader much mcconnell made him burst into laughter. >> across the globe today is world aids day, the white house marking the event by displaying a red...
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with regards to the fiscal cliff. this call, according to a source familiar with it, told me it lasted for 28 minutes. this official saying it was hardly short or curt, as had been reported by some news outlets. and my colleague, jessica yellen, heard from another source that said that the president told speaker boehner that he felt that rates had to go up on wealthy americans and that there would be no deal without that. so clearly, there is still some distance between the two sides here. the president believing that wealthy americans need to pay more. those bush era tax cuts should not extend for them. republicans believing that all americans should benefit from those tax cuts, and that now you should put en titlements on the table. of as we see, the officials from the white house going up to capitol hill today, treasury secretary timothy geithner, to try to hammer out some deals. still, both sides far apart. >> well, i want to talk about that a little bit. there was an article on politico.com this morning that said
with regards to the fiscal cliff. this call, according to a source familiar with it, told me it lasted for 28 minutes. this official saying it was hardly short or curt, as had been reported by some news outlets. and my colleague, jessica yellen, heard from another source that said that the president told speaker boehner that he felt that rates had to go up on wealthy americans and that there would be no deal without that. so clearly, there is still some distance between the two sides here. the...
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." >>> we begin with today's hard words in the negotiations to avoid the so-called fiscal cliff. that steep across the board spending cut and tax increase scheduled to hit in just 33 days. in a scathing assessment today, the speaker of the house john boehner says there's been no substantive progress on a deal. need to realize there can be no deal without tax rates going up for top earners. let's go live to our chief white house correspondent jessica yellin. she's got more on the latest developments. tough talk from both sides, jessica. >> reporter: tough talk and some bright lines, wolf. on the same day that treasury secretary tim geithner went to capitol hill to meet with both democrats and republicans to talk about these negotiations, there is tense body language and tough words on both sides of pennsylvania avenue. they're starting to sound dug-in on capitol hill. >> all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. >> reporter: at the white house. >> this is available not just here but to everyone in the world who has an internet co
." >>> we begin with today's hard words in the negotiations to avoid the so-called fiscal cliff. that steep across the board spending cut and tax increase scheduled to hit in just 33 days. in a scathing assessment today, the speaker of the house john boehner says there's been no substantive progress on a deal. need to realize there can be no deal without tax rates going up for top earners. let's go live to our chief white house correspondent jessica yellin. she's got more on the...
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and the republicans' counterproposal on the fiscal cliff. stay right here. >>> i'm ali velshi. this is your money. house speaker john boehner called white house efforts to make a deal preposterous. the republican counter we're hearing about which extends the bush tax cuts for everybody including the wealthiest americans won't get washington any closer to a deal. washington's reckless behavior is already having serious economic consequences. i'm going to show you how and make sure you understand the truth about that raising taxes would mean for the economy, but first, set aside the doom and gloom of the fiscal cliff for a moment, let's look at today's money menu. check out auto sales up big in november. sales of gm cars were up 3.4%. ford saw a 6.5% jump in sales and chrysler shot up 14%. u.s. autos are on track to see their best sales month nationwide since february of 2008 as the big three continues to put the auto bailout in the rear view mirror. ford never took the bailout money from the government. what's sibehind the surge in au sales, no short cuts. the jobs outlook is lo
and the republicans' counterproposal on the fiscal cliff. stay right here. >>> i'm ali velshi. this is your money. house speaker john boehner called white house efforts to make a deal preposterous. the republican counter we're hearing about which extends the bush tax cuts for everybody including the wealthiest americans won't get washington any closer to a deal. washington's reckless behavior is already having serious economic consequences. i'm going to show you how and make sure you...